Jay Evensen: Young people may not be the ruin of us, after all

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  • Vladhagen Salt Lake City, UT
    Aug. 23, 2018 11:48 a.m.

    It is odd how we speak of Millenials as being "young people," when the reality is that some so called "Millenials" will be over the hill in a year and a half or so.

    It is also always amusing to me when Gen X and the Baby Boomers act as if their generation somehow was full of brave defenders of truth and good, with booming economies and no semblance of racism or fear.

  • 2 bits Cottonwood Heights, UT
    Aug. 23, 2018 10:16 a.m.

    RE: "Young people may not be the ruin of us, after all"...
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    I don't know that anybody ever said they would be the ruin of us all. That seems like a radical leap from what people have actually said. Shock value I guess.

    Young people spend less. They tend to be lower "Consumers". But that's OK. It does mean the economy will shrink, and that's not good (if you want a job, and an income). But if you are spending less... less of an income is OK.

    The natural result of spending less is... stores that can't make it close (like Sears and others are doing today). When local stores close, local jobs go away, that means local pay checks go away, which means local families have less to spend. So by necessity they spend less (because they earn less).

    It adjusts naturally. It's not all good (the adjustment) and it will be painful, but the economy adjusts.

    I think the younger generation will figure out what to do. Especially as they get older.

    Many kids who said they never wanted a house, a yard, or a car, are now buying homes in the suburbs, buying a car, and getting a job that pays more (so they can afford to do that).

  • bass679 Novi, MI
    Aug. 23, 2018 10:14 a.m.

    Not to nit pick but the last birth year for millennials is generally set at 1995, meaning that the youngest ones you'll find are 23 years old. The younger folks, a good chunk of that 18-29 demographic are what's referred to as Gen Z and are as distinct as the difference between Gen-X and millennials.

    Older Millennials are already starting to complain about Gen Z and how they're doing things wrong. I'm sure by the time they're all adults we'll have them firmly to blame for everything we don't like.